Commodity Analyst Mike McGlone Suggests ‘Bitcoin Appears Poised to Resume Its Inclination to Outperform’
Bloomberg Intelligence senior commodity analyst, Mike McGlone, believes a “warm spell” is coming in terms of bitcoin markets as the market strategist detailed on Monday that “bitcoin appears poised to resume its inclination to…
Next House committee chair reintroduces bill on crypto innovation
Under the proposed bill, companies could apply for an “enforceable compliance agreement” with offices at federal financial agencies that would allow for a regulatory path forward.
Bitcoin Bear Market Monthly Momentum Reaches Worst On Record
For many Bitcoin investors who lived it, this crypto winter feels more painful than the 2018 bear market, despite making a shallower fall from peak to through. From a monthly momentum perspective, the bearish trend is now the strongest on record…
SHIB Community Members and Countdown Clock Hint Shibarium Launch Is Imminent
According to a myriad of social media posts, the meme crypto project Shiba Inu is planning to launch the highly anticipated Shibarium, a layer two (L2) project that was supposed to launch this year in the third quarter. Shiba Inu supporters believe…
Bitcoin Hardware Wallet Maker Foundation Devices Completes $7 Million Seed Round
Led by Polychain Capital, new investors into the Bitcoin hardware and software firm include Greenfield Capital and Lightning Ventures.Foundation Devices has announced the end of a seed round raising $7 million, led by Polychain Capital. Other…
Binance acquires 100% of Indonesian Tokocrypto after initial investment in 2020
This is the third licensed Asian cryptocurrency exchange Binance has bought this year as it expands its global reach; the company had shown signs of struggling.
DeFi protocol Pods raises $5.6M to support its structured crypto products dApp
Pods, creators of a DeFi platform, announced today that earlier this year, the team raised $5.6M in seed funding to create structured products for crypto-assets. The financing featured investors such as IOSG, Tomahawk, Republic, Framework Ventures…
Why Bitcoin Could Return to $17,000 In the Short Term
The price of Bitcoin continues to grind slowly to the downside while other major digital assets follow. The market is moving in tandem with the legacy financial sector, pricing in a higher terminal rate for 2023. As of this writing, Bitcoin trades…
Binance US Plans to Acquire Voyager Digital’s Assets for $1 Billion in Bankruptcy Bid
According to a Binance blog post, Binance US has entered an agreement with Voyager Digital Ltd., in order to acquire its assets. The announcement details that the acquisition “sets a clear path forward for Voyager customers’ funds to be unlocked as…
Grayscale Weighing Returning 20% Of GBTC Assets To Investors If ETF Dreams Fail
The Grayscale Bitcoin Trust is considering a tender offer that would aim to return investor capital if the SEC keeps blocking its conversion to a spot ETF.Grayscale CEO Michael Sonnenshein stated in a letter to investors that should the Grayscale…
Ethereum price closely followed that of bitcoin throughout the week and this saw the digital asset fall below the $1,200 level once more. Presently, the entire market looks to be consolidating but Ethereum has been put under some pressure following…
Biggest Movers: SHIB, XMR Extend Recent Gains on Monday
Shiba inu rose for a third consecutive session on Monday, as the meme coin continued to move away from last week’s lows. Today’s surge comes as the global cryptocurrency market cap was largely unchanged, and is down 0.01% as of…
Basel Committee Finalizes Rules for Bank Exposure to Cryptocurrency Assets
The Basel Committee, the organization in charge of setting global bank standards, has finalized its new rules related to banks and cryptocurrency exposure. The document establishes two different crypto asset classes, including tokenized real assets…
Tron Snags 2nd Place In TVL – What Does This Mean For TRX Price?
The native currency of the Tron network, TRX, is one of the few cryptocurrencies in the current altcoin market to experience a price hike. As of this writing, TRX has gained 0.2% on a daily basis, with a 6.1% increase seen on a monthly timeframe. A…
Grayscale Says It May Return 20% Of Investor Capital, Bitcoin Refuses To Budge
Besides the macroeconomic headwinds, when it comes to crypto, there are two main concerns at the moment: Binance and DCG. The situation surrounding Genesis Trading, Digital Currency Group (DCG) and Grayscale, which is still unresolved after a…
Binance.US To Acquire Bankrupt Voyager Digital’s Assets
The American Binance entity has submitted a winning bid for the bankrupt cryptocurrency firm’s assets.According to a press release, Voyager Digital Ltd. announced that Binance.US, an American licensed entity independent of Binance international…
Can Ethereum Prevent More Losses As Altcoin King ETH Slips 7% In Last 7 Days?
Further pain was inflicted on the markets as major cryptocurrencies Bitcoin and Ethereum slipped on macroeconomic pressures and other factors. As of time of writing, the top altcoin Ether has lost nearly 7% in the weekly timeframe. This is…
Litecoin Continues To Slide, Now Below Shiba Inu In Market Cap
Litecoin has been having a hard time recently, and it would appear that its struggles haven’t stopped yet as the coin has now dropped below Shiba Inu in terms of market cap. Litecoin Has Taken A 15% Beating During The Past Week While the last…
The potential of losing your funds isn’t the only reason to secure your own bitcoin. It also ensures the price cannot be manipulated.Are you keeping bitcoin on an exchange? Let me tell you a story about what happens when you, and others, leave your…
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